MRC Global to Acquire Assets of Chaparral Supply
MRC Global Inc. announced that it has signed an agreement to acquire the majority of the operating assets of Cherokee, OK based Chaparral Supply, LLC, a wholly owned subsidiary of SandRidge Energy, Inc. Chaparral Supply provides pipe, valve and fitting products and oilfield supplies to its parent organization, SandRidge Energy. MRC plans to merge Chaparral’s employees and certain inventories and other assets with the company’s existing Alva, OK service location. The acquisition is subject to customary closing conditions and is expected to be completed in June 2012.
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